Okta, Inc (OKTA) PT Lowered to $95 at Stephens

Stephens analyst Todd Weller lowered the price target on Okta, Inc (NASDAQ: OKTA) to $95.00 (from $120.00) while maintaining a Overweight rating.

The analyst commented: "Okta delivered strong F4Q26 results that strengthen our conviction in our recent upgrade, which centers on growth acceleration becoming more evident over the course of FY27. The company continues to see momentum in larger platform deals, while the quarter also reflected increasing traction with newer products. We believe a broadening and increasingly interconnected set of growth drivers, including improving sales execution, benefits from GTM specialization, and ongoing additions to quota-carrying capacity, supports a more durable growth profile. Early demand signals around agentic identity were encouraging, and we continue to view this as an emerging longer-term opportunity. Adjusting for professional services headwinds, we view guidance positively. Reiterate Overweight rating. We are lowering our price target to $95 from $120, based on a 4.5x EV/revenue multiple applied to our FY28 revenue estimate."

You May Also Be Interested In

• Cullinan Oncology Inc. (CGEM) PT Raised to $27 at UBS
• Yum! Brands (YUM) PT Lowered to $180 at Argus
• MGM Resorts (MGM) PT Raised to $55 at Argus